We are pleased to present a six (6) unit apartment building located at 639 North Coronado Street in Los Angeles, California. The subject property is positioned in a prime Silver Lake location, south of Sunset Boulevard and east of Silver Lake Boulevard. Built in 1964, this property contains a good unit mix of five (5) one bedroom / one bathroom units and one (1) two bedroom / one bathroom unit. The property is situated on a quiet street and features lush landscaping. The units are large, with select units boasting new water heaters, vinyl windows, ceramic tiles, in-unit washer/dryers, patio space, and balcony space. Two (2) units are fully renovated, one (1) of which will be delivered vacant. The property has six (6) gated and covered on-site parking spaces available. Tenants will enjoy being less than a block away from the DC Fitness Center and having dominant access to trendy retail amenities on Sunset and Silver Lake Boulevards. Situated in a prime Silver Lake location, this offering presents an excellent opportunity for any investor to capitalize leasing with over 64% rental upside potential with the option to add two (2) ADUs in a core market of Los Angeles.
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